Are Trading System All Equal to Each Other?
by Soledad K. Livingston
If you've ever tried to trade stocks or shares, or currency for that matter, you've probably wondered "are trading system all equal to each other?". That's a fair question - and one that's hard to answer.
There are many different ways of trading. Some people use signal providers. Some people launch Meta Trader and use that to do technical analysis and then try to simply number-crunch their way to riches. Some people don't like doing that, and instead pour over news headlines and then log into the browser based platform that their broker provides and try to trade manually.
The best trading systems use a combination of technical analysis and fundamentals. The Brexit, for example, is quite clearly going to put a shadow of uncertainty over the pound - and that's going to impact other markets, and companies that trade in those markets, so you should use that knowledge and an economic calendar to plan medium term investments.
Meanwhile, use technical analysis to help you with the shorter term trades, and build u a knowledge of how the markets move so that you can be successful yourself. If one system worked all the time, after all, everyone would be rich.